Examples of Policyholder Claim in a sentence
The payment to TPA of any premiums or charges for or in respect of insurance by or on behalf of a Policyholder shall be deemed to have been received by the applicable Customer, and the payment of return premiums or other Policyholder Claim or other payments forwarded by any Customer to TPA shall not be deemed to have been paid to the Policyholder until such payments are received by the Policyholder.
TPA shall not pay any Policyholder Claim or other claim by withdrawals from any Premium Account.
All insurance charges or premiums or other amounts collected by TPA on behalf of or for any Customer, and the return of premiums or other Policyholder Claim or other payments received from such Customer, shall be held by TPA in a fiduciary capacity.
The Purchaser and the Liquidator shall cooperate with each other in the defense of any Policyholder Claim or ECO or XPL Loss and shall afford each other the opportunity to associate in connection with such defense.
The Purchaser shall indemnify the Company for the entire amount of any Allocated Loss Adjustment Expense incurred by the Liquidator in connection with any Policyholder Claim after the Closing Date.
The Purchaser shall be entitled to any reimbursement obtained or recovery made by the Company after the Effective Date with respect to any Policyholder Claim paid by the Purchaser.
The Liquidator shall not be required to provide notice to the Purchaser that any Policyholder Claim has been Allowed or Determined, except that the Liquidator shall be required to furnish the Purchaser within a reasonable period with any notice of determination with respect to an Opt-in Claim that is covered by an Opt-Out Reinsurer.
The Purchaser shall indemnify the Company for the entire amount of any ECO and XPL Losses arising out of or related to any Policyholder Claim after the Closing Date.